Obama Economic Advisor Corzine Subpoenaed by Congress

Posted by on Dec 02, 2011 at 10:20 am

Maybe now the disgraced Jon Corzine will be forced to come out of hiding.

The House Committee on Agriculture this morning voted to subpoena Jon Corzine to testify next week on the collapse on MF Global, the failed futures broker that the former governor led until a few days after it collapsed Oct. 31.

The hearing is scheduled for Dec. 8 at 9:30 a.m. Prior to taking the vote, the committee’s Republican chairman, Frank Lucas of Oklahoma, said that Corzine, whom he described as “material witness,” had yet to respond to the committee’s invitation to testify, which lead to the vote to subpoena him. The House committee oversees the Commodity Futures Trading Commission, the primary regulator of MF Global’s futures activity.

The vote, taken by voice, was approved by the majority of the committee’s members, and received no dissenting votes.

Don’t forget, Corzine was the first guy Obama and Biden called when they wanted economic advice.

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